by Dan Mitchell | Aug 2, 2021 | Big Government, Blogs, Taxation, Uncategorized
I recently explained the evolution of taxation – and the unfortunate consequences of income taxation – to a seminar in the country of Georgia. One of my main points was that income taxes are a relatively new source of revenue. The first income tax was adopted in the...
by Dan Mitchell | Jul 27, 2021 | Big Government, Blogs
When writing about economic policy in Latin America, Chile gets lots of attention because it’s a remarkable story of success. Similarly, Venezuela gets lots of attention because it’s a remarkable story of failure (with Argentina also deserving...
by Dan Mitchell | Jul 25, 2021 | Big Government, Blogs, Government Spending
Back in 2009, there was strong and passionate opposition to Bush’s corrupt TARP scheme and Obama’s fake stimulus boondoggle – both of which had price tags of less than $1 trillion. Today, Biden has already squandered $1.9 trillion on his...
by Dan Mitchell | Jul 19, 2021 | Big Government, Blogs, Welfare and Entitlements
Over the past couple of years, one of the most disturbing – and also revealing – things to happen in Washington is when Congresswoman Alexandria Ocasio-Cortez proposed giving more money to people “unwilling to work.” As discussed in this interview, the left...
by Dan Mitchell | Jul 17, 2021 | Big Government, Blogs, Taxation, Trade
I’ve been warning, over and over and over again, that a European-style welfare state means huge tax increases on ordinary people. Simply stated, there are not enough rich people to finance big government...
